Profit And Loss – Aptitude MCQ Questions – 14 Posted on July 7, 2020July 7, 2020 by admin Question 1Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20% ? A. Rs. 400 B. Rs. 440 C. Rs. 500 D. Rs. 550 Question 2A radio is sold for Rs. 990 at a profit of 10% . What would have been the actual profit or loss on it had it been sold for Rs. 890 ? A. Rs. 10 loss B. Rs. 10 profit C. Rs. 90 loss D. Rs. 90 profit Question 3 A shopkeeper sells an article at a loss of 12*1/2 % . Had he sold it for Rs. 51.80 more, he would have earned a profit of 6% . The cost price of the article is = ? A. Rs. 280 B. Rs. 300 C. Rs. 380 D. Rs. 400 Question 4By selling a bicycle for Rs. 2850, a shopkeeper gains 14% . If the profit is reduced to 8% then the selling price will be - A. Rs. 2600 B. Rs. 2700 C. Rs. 2800 D. Rs. 3000 Question 5A person purchased 10 dozen pens at the rate of Rs. 4 per dozen. On checking, he found that 20 pens were not working. In order to earn 25% profit, he should sell the remaining pens each at - A. 40 paise B. 44 paise C. 50 paise D. 55 paise Question 6A man wanted to sell an article with 20% profit: but he actually sold at 20% loss for Rs. 480, at what price he wanted to sell it to earn the profit = ? A. Rs. 720 B. Rs. 840 C. Rs. 600 D. Rs. 750 Question 7A man sells an article at 10% loss. If he had sold it at Rs. 10 more, he would have gained 10% . The cost price of the article is = ? A. Rs. 50 B. Rs. 55 C. Rs. 100 D. Rs. 110 Question 8A person sells a table at a profit of 10% . If he had bought the table at 5% less cost and sold for Rs. 80 more, he would have gained 20% . The cost price of the table is = ? A. Rs. 3200 B. Rs. 2500 C. Rs. 2000 D. Rs. 200 Question 9Abhishek purchased 140 shirts and 250 trousers @ Rs. 450 and @ Rs. 550 respectively. What should be the overall average selling price of shirts and trousers so that 40% profit is earned ? (rounded off to next integer) A. Rs. 700 B. Rs. 710 C. Rs. 720 D. Rs. 725 Question 10A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs. is = ? A. 20 B. 16 C. 25 D. 30